GBPCAD is setting up at the top of its short term range. I like a tight stop due to bearish momentum on smaller timeframe. Quick move to breakeven with a hold to solid R/R on Daily TF.
I'm posting a couple of trades I'm looking at this morning. This is a technical set up with 2:1 R/R. I like the bearish momentum on smaller timeframes. Cheers
Looking to fade the short little pop here in this 2:1 R/R setup. Simple and Clean. Cheers.
Here's another setup I have, with short entry below pin and target below daily low. 4.5 R/R. Cheers
Long term, this pair has shown some bearish impulses that I think will continue. This bearish wedge is a good way to enter. Tight stop and quick move to breakeven reduces risk and maximize reward if entry is correct. Cheers
This could be the top of the short term rally. I'm keeping a close stop and looking for a big target. Keep an eye on 1-5m timeframes. Cheers.
Here are a couple of trades I'm looking at on USDCAD. If it drops to long entry, I want to see it gain positive momentum on the lower (1m, 5m) time frames. If it does, both trades are applicable. I like the energy this pair has today, could through it over ranges and call for a reprice on both sides. Cheers
I like a short here on GBPCHF. Lots of bearish confluence. Reversals on both currencies (positive for Franc, negative for Pound). Here's my current wave count on the 1m timeframe: Would love to see new highs into the sell zone and a bearish impulse before shorting. Cheers
This pair is in a clear downtrend. I like the basing price action at support, usually a sign for strong breakout potential. Previous lows have been broken which could open the flood gates through Friday. I'll be selling at the break with SL above 20 SMA and following price action down after 1:1. Looking for 2:1 or higher. Cheers!
I'm expecting some major resistance at the .68 level: Major S/R Lines Gartley Pattern Complete Even number Prior downtrend (bearish bias on higher TF) Shorting via limit order. Cheers!
The pound is in a multi-week downtrend. Here's a setup that takes advantage of SMA resistance that may help add to the bearish momentum. Back side retest will provide some resistance at entry which may trigger continuation. Cheers
Hey traders, quick look at USDCAD - Lot's of resistance here and no reason to assume a breakout on this pair, fading to mean. Active. Cheers.
Hey Traders, RBNZ announced a rate cut which sent the kiwi lower. There was a rebound to the breakout line, indicating a good level to potentially play some risk against the resistance. Cheers
Hey all, looking to short this pair. I like the way it's setting up after a short term rally on the 15m chart. Cheers
Looks like we could see a turnaround here on the Canadian dollar toward the downside. The franc still looks strong, so this pair has potential this week. I like the R/R enough to trade it.
NZD is weak and weakening and the CAD is strong and strengthening. The pair is falling in what appears to be a continued falling wedge - an elliott wave triangle. I like a short here with a relatively tight stop and a target near the opposite triangle barrier. Cheers
I like the Franc against the weakening JPY. This is more of a swing trade that could carry over the weekend. We'll use price action to guide trade management. Cheers
NZD has shown continued weakness since the RBNZ released its dovish statement last week. I'm speculating a Franc reversal to the upside to send the pair down further. Should be about a 2-3 day timeframe on this trade, but price action will be the ultimate deciding factor. Active immediately, cheers.